KAZAKHMYS PLС (United Kingdom) production report for the first quarter of 2012
/KASE, April 26, 12/ - KAZAKHMYS PLС (London), shares of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of April 26, 2011:
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- Extraction of copper in ore ahead of Q1 2011
- Processing of ore impacted by severe weather and transportation issues - Copper cathode output from own concentrate of 65 kt in Q1 2012 - Processing of stockpiled ore and Konyrat restart will raise output in H2 - On track to deliver annual target of between 285 to 295 kt of copper cathode
- By-product output also on track for annual targets
- Zinc in concentrate of 32 kt with strong recovery in output - Precious metals output ahead of the comparative period
- Kazakhmys Power
- Strong domestic demand led to 11% increase in net power generated at Ekibastuz GRES-1 to 3,960 GWh
- Maintaining strong financial position
- Balance sheet remains in net funds - Completed outstanding gold sales to National Bank of Kazakhstan for $115 million - Total of 10.6 million shares repurchased under buy-back programme for $150 million since September 2011
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The press release full version is available on KASE website at:
[2012-04-26]